BOXABL Inc. (NASDAQ: BXBL) Completes Business Combination with FG Merger II Corp. at $3.5 Billion Valuation

BOXABL Inc. has successfully completed its business combination with FG Merger II Corp. (FGMC), a special purpose acquisition company (SPAC), resulting in BOXABL becoming a publicly traded entity valued at $3.5 billion. The merger was approved by FGMC stockholders on June 9, 2026, and BOXABL's shares are set to commence trading on the Nasdaq under the ticker symbol 'BXBL' on July 20, 2026. Following the merger, FGMC has been renamed BOXABL Inc., and the transaction involved the issuance of 350 million shares to BOXABL stockholders.

Founded in 2017, BOXABL aims to revolutionize the housing construction industry by providing affordable, high-quality modular homes that can be rapidly deployed. The company's flagship product, the 361-square-foot Casita, is designed to be fully functional upon unfolding on-site in under an hour. In addition to the Casita, BOXABL is developing smaller units and stackable models intended for larger residential structures. The company has garnered significant interest, raising over $230 million from more than 50,000 investors, which underscores the public's enthusiasm for its innovative approach to addressing housing challenges.

The merger with FG Merger II Corp. is expected to enhance BOXABL's access to capital, enabling the company to scale its production capabilities and invest in research and development. This is particularly pertinent given the ongoing demand for affordable housing solutions in various markets. The strategic rationale behind the merger lies in BOXABL’s potential to disrupt traditional construction methods, which are often time-consuming and costly. With the backing of public markets, BOXABL can accelerate its growth trajectory and fulfill its mission of addressing the housing crisis.

The SPAC landscape has seen significant activity in recent years, with many companies opting for this route to go public due to the speed and efficiency it offers compared to traditional IPOs. BOXABL's entry into the public market is indicative of a broader trend where innovative companies in the construction and real estate sectors are leveraging SPACs to gain access to capital and expand their operational capabilities. As BOXABL begins trading, its performance will be closely monitored by investors and industry analysts, particularly in light of the increasing focus on sustainable and affordable housing solutions.

In conclusion, the successful merger of BOXABL Inc. with FG Merger II Corp. marks a significant milestone for the company and the modular housing sector. The transaction not only provides BOXABL with the necessary capital to scale its innovative housing solutions but also positions it as a key player in the ongoing discourse surrounding affordable housing. As the company embarks on this new chapter, its ability to execute its business model and meet market demands will be critical in shaping its future and the broader housing market landscape.